Nvidia (NASDAQ: NVDA) is set to launch its new Vera Rubin system in the second half of 2023, which includes a powerful new GPU and is expected to significantly reduce the cost of AI model training by using 75% fewer GPUs compared to its previous platform. The company’s market capitalization surged from $360 billion to $4.8 trillion since the start of 2023, fueled by growing demand for AI chips, with Nvidia’s fiscal year 2026 revenue reaching $215.9 billion, a 65% increase from the prior year.
In fiscal Q1 2027, Nvidia reported $81.6 billion in total revenue, with a staggering 92% growth in its data center segment. Currently, the company has a price-to-earnings (P/E) ratio of 30.09, the lowest it’s been in seven years, creating a potential buying opportunity as the stock remains significantly below its long-term average P/E of 71.2. Analysts expect Nvidia’s GAAP earnings to soar by 91% to $9.36 per share in fiscal 2027, indicating strong momentum in AI hardware sales.
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